PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0399%/8h= +43.7% APRnext payment +$0.50 per $10,000 · paid last 24h +0.280%

Price spread now: Lighter against Injective+1.804%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 1.804% dearer against Injective than usual: you sell high and buy low: +$180 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5969	0.0033	pay 0.0004% / 1h	35m 14s	$614	$10K	5.5x
Short	Lighter PONS	0.6077	0.0432	get 0.0054% / 1h	35m 14s	$1.7M	$896K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee LighterbpOrdersPrice spread, now +1.804%Rate

Funding earned: $83.72
Price spread: +1.804% → 0.000%: $180.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $264.12
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 1 min ago	2.71 bp	8.3 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6068	+1.647%	$240K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	0.5969	long leg	$614	$10K	5.5x
Lighter RH PONS	+0.0096%	1h	0.6077	+1.801%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6077	+1.801%	$20K	$416K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6077	+1.802%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6090	+2.012%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6083	+1.896%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6079	+1.834%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6076	+1.776%	$28K	$552K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6091	+2.039%	$65K	$510K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6078	+1.818%	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0135%	4h	0.6070	+1.684%	$13.8M	$56.9M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6078	+1.809%	$379	—	3x	as long as short
KuCoin PONSUSDTM	+0.0170%	4h	0.6076	+1.789%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0218%	4h	0.6078	+1.816%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0233%	4h	0.6078	+1.823%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0336%	4h	0.6076	+1.784%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0342%	4h	0.6075	+1.765%	$39.8M	$97.0M	20x	as long as short
Extended PONS-USD	+0.0344%	1h	0.6075	+1.763%	$252K	$683K	5x	as long as short
edgeX PONSUSDC	+0.0350%	4h	0.6084	+1.918%	$21K	$293K	10x	as long as short
Lighter PONSshort	+0.0432%	1h	0.6077	+1.804%	$1.7M	$896K	3x
BloFin PONS-USDT	+0.0583%	4h	0.6080	+1.851%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0594%	1h	0.6075	+1.767%	$105K	$115K	5x	as long as short
BingX PONS-USDT	+0.0628%	4h	0.6075	+1.767%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0665%	1h	0.6076	+1.787%	$48K	$87K	3x	as long as short
Bybit PONSUSDT	+0.0674%	4h	0.6073	+1.734%	$18.2M	$31.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0745%	1h	0.6076	+1.779%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0768%	4h	0.6072	+1.717%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0907%	1h	0.6077	+1.797%	$61.8M	$29.2M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6083	+1.910%	$31K	$113K	3x	as long as short